Comcast exceeds expectations

Comcast the number one US cable operator, reported a higher-than-expected quarterly profit on as it added more Internet and phone subscribers. Net profit rose to $955 million from $412 million a year earlier.

Revenue rose 2.9 per cent to $9.07 billion as the cable company added a net 247,000 high-speed Internet customers and 243,000 digital phone subscribers in the fourth quarter. It lost more than 199,000 basic video subscribers during the quarter.